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IRA Rollovers

A Turnkey IRA Rollover Solution


About DST Systems, Inc.

DST Systems, Inc. (NYSE: DST) is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. Combining unmatched industry knowledge, critical infrastructure and service excellence, DST helps companies master complexity in the world’s most demanding industries to ensure they continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements.

Automatic Rollover Services

For plans with an automatic rollover provision, DST Retirement Solutions, in partnership with FPS Trust Company LLC, offers a fully automated, no-fee¹ solution for easy management of terminated participant accounts to help plan sponsors address EGTRRA regulations and reduce fiduciary, administrative and plan costs.

DST can work with you to notify participants about plan rules pertaining to the small balances of former employees and manage the rollover of these non-responsive participant accounts into an IRA provided by FPS Trust Company LLC. This streamlined process enables us to:

  • Facilitate the batch processing of distributions
  • Provide a Safe Harbor IRA product with an extensive line-up of investment options
  • Automate FPS Trust Company IRA account openings within 24 hours
  • Deposit the funds in an FDIC-insured money market account
  • Proactive lost/missing participant search services to comply with regulatory requirements
  • Support paperless transaction processing

Our program can accommodate mandatory rollovers from tax-qualified plans and rollovers resulting from individual account plan terminations. These rollover services can also be a very important first step in cleaning up employee data records prior to the launch of a full scale plan cash-out communications program.

Learn more about DST here.

Footnotes:

1 There are no fees charged to the account owner (participant) or to the plan, plan sponsor, TPA or recordkeeper to open an IRA through the Automatic Rollover Program. Maintenance and other fees may apply; please see details of IRA provider.


Securities products offered by FPS Trust Company LLC, a state chartered trust company utilizing FDIC bank money market vehicles.  Financial services to FPS Trust Company LLC are provided by WMSI Securities LLC, a wholly owned subsidiary of WMSI and member FINRA/SIPC.


FPS Trust Company are both majority-owned holdings of Bluff Point Associates, a private equity firm.